Objectives and Assistance
Discretionary capital grant funding of up to £3,000 is potentially available to pay for the capital investment needed by businesses to adapt, recover, rebuild and/or develop. Examples of capital investment include machinery, tools, equipment, fixtures and fittings, building and groundworks, etc. The grant is paid on approval of your application and supporting evidence.
The primary aim of the scheme is to stimulate new business investment to support recovery and longer-term growth. Funding is available for the following activity:
- Inward investment – supporting businesses to relocate to the Outer Hebrides
- Diversification – supporting businesses with plans to adapt and diversify
- Sustainability/Resilience – supporting activity that will build resilience and make businesses more sustainable
- Developing Markets – supporting businesses in accessing new markets through the use of technology
- Digital – support businesses with the development and implementation of new digital systems, to improve business performance and enable growth
- Growth – encouraging businesses to invest in growth activity
- Re-build – supporting businesses to recover
- Start-up – support the development of higher value start-ups
- Environmental – support the employment of net zero / green measures and promoting more sustainable use of resources
- Retail Centre Regeneration – support retail centre/ports-of-entry businesses to attract footfall and encourage local spend
- Cruise Ship Market Development – supporting activity that enhances the local offering to visitors
- Innovation – support the introduction of innovation into the workplace or the development of innovative products/services
- Support Local – support opportunities for produce/products to be created closer to the point of consumption, e.g. local food production